Saturday 10 October 2026 Export all PII data to Excel Powerpack

Polaris Inc.

PII Consumer Cyclical Recreational Vehicles

Polaris Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 9.18%, EPS grew 233.1%, free cash flow fell 33.5% and total debt rose 37.6%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

51.60 1.21 −2.29%

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Market cap: $3.0B
P/E: 0.0×
Fwd P/E: 70.0×
Dividend yield: 5.25%
F-score: 4/9
Altman Z: 1.61
Beneish M: −3.47
Dividend safety: 45/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 4.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	4	—	—	—	—	—	—	—	—

Insider Ownership 7.48%

Capital & Financial Ratios $m

Market Cap 3,010.00

Revenue 7,445.00

Net Income (259.60)

Free Cash Flow 66.90

Net Debt 1,614.40

Current Ratio 1.20

Debt/Equity 2.28

P/E ratio 0.00

Fwd P/E 70.00

P/S ratio 0.40

P/B ratio 3.53

Past 5Y EPS Growth —

This Y EPS Growth 31,509.40%

Next Y EPS Growth 9.02%

Next Y revenue growth 4.00%

Next 5Y EPS Growth 2.53%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 4.43%

10-year low 10-year high

P/B against its own 10 years 15.81%

10-year low 10-year high

EV/Sales against its own 10 years 6.13%

10-year low 10-year high

EV/FCF against its own 10 years 92.34%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 2.71

Annual Dividend Yield 5.25%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.72	0.68 0.68 0.68
2025	2.68	0.67 0.67 0.67 0.67
2024	2.64	0.66 0.66 0.66 0.66
2023	2.60	0.65 0.65 0.65 0.65
2022	2.56	0.64 0.64 0.64 0.64
2021	3.15	0.63 0.63 0.63 0.63 0.63
2020	2.48	0.62 0.62 0.62 0.62
2019	2.44	0.61 0.61 0.61 0.61
2018	2.40	0.60 0.60 0.60 0.60
2017	2.32	0.58 0.58 0.58 0.58
2016	2.20	0.55 0.55 0.55 0.55

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	368	288	138	302
Receivables	315	207	240	314
Inventory	1,811	1,742	1,412	1,566
Other	—	—	—	—
	2,692	2,632	2,207	2,568

	2023	2024	2025	Q'26
Payables	713	563	763	883
ST’ Debt	—	—	—	—
Other	43	36	91	38
	1,934	2,293	2,243	2,141

Compound Annual Growth %

	10y	5y	3y
Sales	4.24%	2.63%	(5.92%)
Cash Flow	5.34%	(6.17%)	13.37%
Earnings	0.00%	0.00%	0.00%
Book Value	(1.63%)	(6.16%)	(8.90%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,659	2,023	—	—	—
’25	1,536	1,853	1,842	1,922	7,152
’24	1,736	1,961	1,722	1,755	7,175
’23	2,180	2,217	2,249	2,289	8,934
’22	1,782	2,063	2,341	2,404	8,589
’21	1,951	1,911	1,778	1,799	7,439
’20	1,405	1,512	1,955	1,410	6,281

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(320)	230	—	—	—
’25	83	320	159	179	741
’24	(105)	146	21	206	268
’23	124	224	28	550	926
’22	(49)	(8)	171	395	509
’21	56	140	(42)	140	294
’20	(71)	381	366	343	1,019

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(350)	186	—	—	—
’25	48	280	117	114	558
’24	(177)	79	(32)	137	7
’23	30	112	(77)	449	513
’22	(105)	(71)	96	282	202
’21	11	76	(122)	47	11
’20	(118)	340	322	270	814

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.83)	1.82	—	—	—
’25	(1.17)	(1.39)	(0.28)	(5.34)	(8.18)
’24	0.07	1.21	0.49	0.19	1.95
’23	1.95	2.32	2.62	1.81	8.71
’22	1.14	(0.08)	3.10	3.34	7.44
’21	2.11	2.52	1.84	1.40	7.88
’20	(0.09)	(3.82)	2.66	3.15	1.99

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	67.80	77.91	70.27	74.60	37.35	94.42	91.86	82.00	55.55	30.92	Analyst estimates 2026–2028 Powerpack
	High	104.25	134.67	137.66	104.37	110.30	147.73	127.37	138.49	100.91	75.25
People
People	Employees	8,600	11,000	12,000	14,000	15,000	16,000	16,200	18,500	15,000	14,500
	Revenue/emp, $m	0.53	0.49	0.51	0.48	0.42	0.46	0.53	0.48	0.48	0.49
Income, $m
Income, $m	Revenue	4,517	5,428	6,079	6,783	6,281	7,439	8,589	8,934	7,175	7,152
	Gross margin, %	24.48	24.40	24.70	24.31	24.45	23.54	22.81	21.94	20.44	19.14
	EBT	313	319	429	408	450	629	761	620	141	(533)
	EBT margin, %	6.94	5.87	7.06	6.01	7.17	8.45	8.86	6.94	1.96	(7.45)
	Net income	213	172	335	324	125	494	448	503	111	(465)
	Depreciation	168	191	211	235	317	216	233	259	286	287
Per share, $
Per share, $	Revenue	70.25	86.28	97.26	110.46	101.48	121.36	144.84	156.47	127.00	125.69
	Earnings	3.31	2.74	5.36	5.27	2.02	8.06	7.54	8.80	1.96	(8.18)
	Cash flow	9.17	9.30	7.63	10.67	16.46	4.79	8.58	16.21	4.75	13.02
	Capex	(3.25)	(2.93)	(3.61)	(4.09)	(3.30)	(4.61)	(5.17)	(7.23)	(4.63)	(3.21)
	Free cash flow	5.92	6.37	4.03	6.57	13.16	0.18	3.41	8.99	0.12	9.81
	Book value	13.49	14.81	13.87	18.05	18.49	20.00	18.58	24.88	22.90	14.64
	Shares, m	64	63	63	61	62	61	59	57	57	57
Valuation, ×
Valuation, ×	P/E	25.03	45.91	14.28	19.26	47.88	13.67	13.21	10.71	29.40	0.00
	P/S	1.18	1.46	0.79	0.92	0.94	0.91	0.69	0.60	0.45	0.50
	P/B	6.13	8.53	5.53	5.63	5.15	5.49	5.41	3.79	2.52	4.32
	EV/Sales	1.40	1.60	1.08	1.15	1.07	1.08	0.90	0.83	0.72	0.77
	EV/FCF	16.63	21.63	26.19	19.27	8.24	737.24	38.08	14.47	793.76	9.89
Cash, $m
Cash, $m	Operating cash flow	590	585	477	655	1,019	294	509	926	268	741
	Capex	(209)	(184)	(225)	(251)	(204)	(283)	(307)	(413)	(262)	(183)
	Free cash flow	380	401	252	404	814	11	202	513	7	558
Balance, $m
Balance, $m	Working capital	231	123	288	99	318	329	439	758	339	(37)
	Total debt	1,142	913	1,963	1,694	1,451	1,801	2,058	1,854	1,638	1,505
	Net debt	1,015	775	1,802	1,536	816	1,298	1,733	1,487	1,350	1,367
	Shareholders’ equity	867	932	867	1,108	1,145	1,226	1,102	1,421	1,294	833
Returns, %
Returns, %	ROA	7.76	5.57	9.30	7.57	2.75	10.20	8.71	9.37	2.01	(8.94)
	ROIC	11.63	13.17	11.41	11.43	16.61	17.63	17.74	15.07	6.87	(9.91)
	ROE	23.04	19.18	37.28	32.81	11.08	41.66	38.41	39.87	8.16	(43.77)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BC Brunswick Corporation	$4.0B	— (loss-making)	21.9×	+7.66% (above 0%: growing)	+88.76% (above 0%: growing)	+0.80% (above 0%: growing)	28.10%	8.31%	Compare
DOO BRP Inc.	$3.9B	46.5×	—	+16.59% (above 0%: growing)	n/m	+116.16% (above 0%: growing)	11.74%	(2.24%)	Compare
THO Thor Industries, Inc.	$3.4B	18.8×	15.7×	−8.41% (below 0%: shrinking)	−66.96% (below 0%: shrinking)	−26.73% (below 0%: shrinking)	12.36%	2.19%	Compare
PII Polaris Inc.	$3.0B	— (loss-making)	70.0×	+9.18% (above 0%: growing)	n/m	−33.49% (below 0%: shrinking)	23.65%	7.36%
HOG Harley-Davidson, Inc.	$2.8B	16.0×	65.6×	−5.86% (below 0%: shrinking)	−14.61% (below 0%: shrinking)	−53.23% (below 0%: shrinking)	31.74%	6.18%	Compare
PATK Patrick Industries, Inc.	$2.1B	13.9×	17.4×	−0.56% (below 0%: shrinking)	+36.00% (above 0%: growing)	−49.38% (below 0%: shrinking)	23.77%	7.40%	Compare
LCII LCI Industries	$2.0B	9.0×	10.6×	−12.52% (below 0%: shrinking)	+20.52% (above 0%: growing)	+88.04% (above 0%: growing)	31.09%	9.91%	Compare
WGO Winnebago Industries, Inc.	$696.8M	17.2×	16.1×	−9.86% (below 0%: shrinking)	−19.05% (below 0%: shrinking)	+155.68% (above 0%: growing)	13.58%	3.29%	Compare
MCFT MASTERCRAFT BOAT HOLDINGS, INC.	$474.6M	— (loss-making)	12.7×	+63.41% (above 0%: growing)	n/m	−18.29% (below 0%: shrinking)	22.56%	(4.86%)	Compare
Median of peers	$2.4B	16.6×	16.1×	−3.21%	+2.95%	−8.74%	23.17%	4.74%

All 16 Recreational Vehicles stocks →

Polaris Inc. (PII) key facts

Concern: Polaris Inc. reported a net loss of $464.8 million, or a loss of $8.18 per share, for fiscal 2025.
Polaris Inc. (PII) is a Recreational Vehicles company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
Polaris Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, roughly unchanged from fiscal 2024.
As of October 9, 2026, PII traded at $51.60, a market capitalization of $3.0 billion.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.4× sales.
Polaris Inc. pays an annual dividend of $2.71 per share, a yield of 5.25%.
Return on equity was −43.8% and debt-to-equity 2.28.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.61 (distress zone) for fiscal 2025.